4 ms·

Execution can depend a lot on the amount of capital you have available in the first place. Imagine a startup trying to develop a very expensive solid state LID

Execution can depend a lot on the amount of capital you have available in the first place. Imagine a startup trying to develop a very expensive solid state LIDAR. They don't have the millions in funds to go to a fab and go into production. They do shitty prototypes. But they get some attention and are able to sell/license their patents. In this alternative universe where patent law is much weaker: 1. The big corp can choose to ignore you and not buy or license the patents. Their defense will be that you are a non-practising entity since you have no revenues or customers. There is a grace period? They make the bet that they can just wait you out. 2. You never patent the idea in the first place. There is no point as there is no way for you to profit from the idea. The world never get access to the tech.

lend000 5y ago
I'm pretty sure this exact scenario has happened, but instead of going the patent route, the startup got acquired and they all got nice retirement packages from Google (Waymo). If they can't find anyone to invest in them, are they the ones to execute the idea? Btw, they could sell patents to practicing entities (those who immediately choose to become practicing entities of the patent) and still get compensation for their IP. And your scenario does not exist, frankly, where someone comes up with an idea so unique and groundbreaking, that it isn't rediscovered for longer than the duration of a typical patent term. You have a couple years, tops. In fact, someone has probably already come up with the idea and you never heard of it. Execution is what matters. Change always affects someone negatively, but I don't find your examples compelling. Patent trolls and lawyers are the real losers in this scenario, which is fine, because they are currently a net tax on value creation in the IP space.

lend000 5y ago

I'm pretty sure this exact scenario has happened, but instead of going the patent route, the startup got acquired and they all got nice retirement packages from Google (Waymo). If they can't find anyone to invest in them, are they the ones to execute the idea? Btw, they could sell patents to practicing entities (those who immediately choose to become practicing entities of the patent) and still get compensation for their IP. And your scenario does not exist, frankly, where someone comes up with an idea so unique and groundbreaking, that it isn't rediscovered for longer than the duration of a typical patent term. You have a couple years, tops. In fact, someone has probably already come up with the idea and you never heard of it. Execution is what matters. Change always affects someone negatively, but I don't find your examples compelling. Patent trolls and lawyers are the real losers in this scenario, which is fine, because they are currently a net tax on value creation in the IP space.